Consider the following three bond quotes; a Treasury note quoted at 102:30, and a corporate bond quoted at 99.45, and a municipal bond quoted at 102.45. If the Treasury and corporate bonds have a par value of $1,000 and the municipal bond has a par value of $5,000, what is the price of these three bonds in dollars?
A) $1,002.30, $1,000, $1,000, respectively
B) $1,000, $1,000, $5,000, respectively
C) $1,002.30, $994.50, $5,012.25 respectively
D) $1,029.38, $994.50, $5,122.50, respectively
Correct Answer:
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